The Federal Housing Administration (FHA) announces new loan limits for 2021. The loan limits are based on the conforming loan limit, which is the maximum mortgage Fannie Mae and Freddie Mac will

Dated: December 27 2020
Views: 94
The Federal Housing Administration (FHA) announces new loan limits for 2021. The loan limits are based on the conforming loan limit, which is the maximum mortgage Fannie Mae and Freddie Mac will purchase in 2021, as well as by applying a factor of 115% to the area median sales price. So, with a 2020 metro-Atlanta median sales price of $359K for a single-family home, and applying a factor of 115%, the FHA loan limit is $412,850.
See the table for the loan limits of various housing types for DeKalb, Fulton, and Gwinnett counties. They represent a 2.9% increase over 2020, based on the related metropolitan statistical area (MSA) median sale price increasing 2.9% to $359K. Additionally, the table shows your purchasing power by showing the corresponding selling price, assuming a 3.5% down payment.
As a certified housing counselor and REALTOR, I help buyers prepare to pre-qualify for a mortgage.
Thank you for checking out my bio page. I hold a Seller Representative Specialist (SRS) designation granted by the Real Estate Business Institute (REBI), which means I have advanced training in advoc....
The Federal Housing Administration (FHA) announces new loan limits for 2021. The loan limits are based on the conforming loan limit, which is the maximum mortgage Fannie Mae and Freddie Mac will
I love cheesy mac and cheese, but it’s not the healthiest option! The cheese is high in saturated fat and cholesterol and the macaroni is high in carbs which break down to sugars. So,
The Federal Housing Finance Authority (FHFA) announced on Dec. 2 that Fannie Mae and Freddie Mac (the Enterprises) will extend its single-family foreclosure and real estate owned (REO)
The Georgia MLS statistics for the latest period, October 2020, shows a continued shortage of residential listings in East Atlanta suburbs Gwinnett and DeKalb counties. Looking at single